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Author Topic: Trash altcoins in the market  (Read 4249 times)

Offline Quantum X

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Trash altcoins in the market
« on: August 13, 2020, 12:11:55 PM »
I know that most of us in this forum had some bad experiences in some altcoins and with that I am confident that you can easily name those shitcoins in the market according to your personal experience and observation.
You can drop the name here of some shitcoins that are still listed in the market until now that caused you to suffer.

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Trash altcoins in the market
« on: August 13, 2020, 12:11:55 PM »

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Offline masterrex

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Re: Trash altcoins in the market
« Reply #1 on: August 13, 2020, 12:53:38 PM »
I know that most of us in this forum had some bad experiences in some altcoins and with that I am confident that you can easily name those shitcoins in the market according to your personal experience and observation.
You can drop the name here of some shitcoins that are still listed in the market until now that caused you to suffer.
Thats true mate, during 2018 I bought some coins and tokens, from the Market and I decided to hold it for almost a year, but it became useless because its price is constantly decreasing day by day and when I sell it in 2020 it's almost nothing left in its value and it becomes a truly shit coins in the market. 

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Re: Trash altcoins in the market
« Reply #1 on: August 13, 2020, 12:53:38 PM »

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Offline TomPluz

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Re: Trash altcoins in the market
« Reply #2 on: August 13, 2020, 01:08:22 PM »
There were so many to mention. Of course, there were also coins that started good but ended badly because the team eventually left the project and then things started going downward. There were also so many projects made just they can get the money from the public, once they have their millions they started taking a good, relaxing vacation somewhere else with no plan of returning. This is the problem with an unregulated market so many scammers are right now making a residence in the cryptocurrency market. Sadly, this thing will go on.

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Re: Trash altcoins in the market
« Reply #3 on: August 13, 2020, 01:40:19 PM »
There are many shitcoins. Also some may have some potentials but due to being managed by unscrupulous and criminal teams, they may not last long. DigitalBits is a prime example of the later
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Offline Noverteno

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Re: Trash altcoins in the market
« Reply #4 on: October 26, 2020, 06:36:11 AM »
There are more than seven thousand different altcoins on the cryptocurrency market now, and most of them can be called useless for now. However, this does not mean that the development of cryptocurrency has reached a dead end. This is a normal and logical process, which is due to the fact that everyone is allowed to create new types of cryptocurrencies. Therefore, there will always be such costs. However, in general, cryptocurrencies are developing rapidly, and their useless types are leaving this market.

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Re: Trash altcoins in the market
« Reply #5 on: October 26, 2020, 07:08:27 AM »
 The number of altcoins on CoinMarketCap steadily growing. It is increasingly difficult for investors to separate the wheat from the chaff. Identifying the small-cap coins that can do a 1,000X is much trickier. Those who succeed have usually done extensive research or acted on the advice of someone who has.

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Re: Trash altcoins in the market
« Reply #6 on: October 26, 2020, 08:34:47 AM »
Very well said my friend. There's a lot of shitcoins listed in CoinMarketCap for while but as days passed by the token record will become untraceable. Not all tokens in CoinMarketCap are traceable because some aren't due to suspended of the project and maybe some turn into scam.
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Re: Trash altcoins in the market
« Reply #6 on: October 26, 2020, 08:34:47 AM »


Offline TomPluz

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Re: Trash altcoins in the market
« Reply #7 on: October 26, 2020, 10:43:23 AM »
People who are into cryptocurrency not exclusive to Bitcoin and Ethereum are bound to experience the discouraging experiencing of investing and taking a stake in a certain altcoin only to realize later that the team had been gone and that all the platform had evaporated into thin air. This is a big reality in this industry where so many scams and frauds are getting a big foothold of the market. And there is nothing we can do except to avoid them as much as possible. Don't be greedy and just stick to the real ones, just to be safe. I am not going to mention any name of altcoins as I have already forgotten then anyway.

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Re: Trash altcoins in the market
« Reply #8 on: October 26, 2020, 11:06:26 AM »
I know that most of us in this forum had some bad experiences in some altcoins and with that I am confident that you can easily name those shitcoins in the market according to your personal experience and observation.
You can drop the name here of some shitcoins that are still listed in the market until now that caused you to suffer.

I remember buying 300K tokens in the past. This token made me a rich man in one night. But now these tokens are worthless and I still hold over 100K tokens in my wallet.  :(
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Re: Trash altcoins in the market
« Reply #9 on: October 26, 2020, 11:55:10 AM »
Yes there are to much trash altcoins just buy on top 10 coin cmc that will give you big profit new coins always shitcoin  and scam project.
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Offline Black ID

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Re: Trash altcoins in the market
« Reply #10 on: October 26, 2020, 01:33:21 PM »
Because there are so many types of altcoins, it is often confusing to invest. But until now, I am still playing it safe with ethereum. And get other altcoins only from the bounty. So you don't really feel disappointed when the price drops dramatically.
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Offline KKH84

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Re: Trash altcoins in the market
« Reply #11 on: October 26, 2020, 03:00:49 PM »
I joined the bounty in mid-2017 and stopped for quite a while, I have completed many bounties but many of them are shitcoin, so to reduce the number of tokens that have no value in my wallet, I send them to forkdelta and leave it at that.

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Re: Trash altcoins in the market
« Reply #12 on: October 27, 2020, 08:35:23 AM »
PTOY, please check this coin on Coinmarketcap!
PTOY has gone up in price and entered into Coinmarketcap's top 50 but now PTOY has become a dead coin.

There are many more and it is like a deep sadness for and we better stay away from it.
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Offline EthereumDev_

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Re: Trash altcoins in the market
« Reply #13 on: October 27, 2020, 08:39:28 AM »
PTOY, please check this coin on Coinmarketcap!
PTOY has gone up in price and entered into Coinmarketcap's top 50 but now PTOY has become a dead coin.

There are many more and it is like a deep sadness for and we better stay away from it.
well, even though there is an upward price movement, if you look at the list of orders who want to buy, the distance is very far, it will make it like manipulation by whales who have a lot of capital.

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Re: Trash altcoins in the market
« Reply #14 on: October 27, 2020, 12:25:42 PM »
Ohh very true mate ;D a lot of shitcoins that have rekt a good number of people with no single possibility of recovery and are still up there listed in a number of exchanges. Many of us should have a number of those shitcoins sitting there in our wallets with a value almost close to zero when it was at a time worth something.
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